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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
Is a branded title the same as a rebuilt title?
A branded title vehicle is any vehicle that has experienced an insurance incident. ... Even if you have the car professionally repaired and the car is as good as new, the insurance company can still have the title of your car changed from “Clean” to “Salvage”. In other words, the title has been branded.
What is the difference between branded and rebuilt title?
The general rule is that if a vehicle has a branded/salvaged title it has a value of about 50% of what that vehicle with a clean title would be worth. When a vehicle has a branded/salvaged title this means that the damage to vehicle has an estimate of repairs that exceed the value of the vehicle.
Is it OK to buy a car with a branded title?
The general rule is that if a vehicle has a branded/salvaged title it has a value of about 50% of what that vehicle with a clean title would be worth. When a vehicle has a branded/salvaged title this means that the damage to vehicle has an estimate of repairs that exceed the value of the vehicle.
What does brand if rebuilt mean?
A vehicle that has been previously branded as salvage but has been rebuilt/repaired and reinspected. ... A vehicle that can be repaired but which would cost more than some predefined amount (often 75-100% of the car's value) to repair.
Does brand title affect insurance?
In short, yes: You can insure a car that has a salvage title. But don't expect the full meal deal. Most insurance companies offer liability insurance on salvage titles. ... In the case of collision, most insurers pay only as much as 80 percent of the car's calculated market value.
Is it OK to buy a car with a rebuilt title?
However, if you're handy and do your own repairs, a used car with a salvage title can be a great deal. You should be able to acquire one for at least 50 percent of its trade-in value. A major problem with salvage titles is most buyers aren't willing to buy a used car with one. That's where rebuilt titles come in.
Is it bad to buy a car with a rebuilt title?
However, if you're handy and do your own repairs, a used car with a salvage title can be a great deal. You should be able to acquire one for at least 50 percent of its trade-in value. A major problem with salvage titles is most buyers aren't willing to buy a used car with one. That's where rebuilt titles come in.
How much does a rebuilt title affect the value of a car?
A salvaged, reconstructed or otherwise “clouded” title has a permanent negative effect on the value of a vehicle. The industry rule of thumb is to deduct 20% to 40% of the Blue Book® Value, but salvage title vehicles really should be privately appraised on a case-by-case basis in order to determine their market value.
What does it mean when a car has a rebuilt title?
Basically, it means the car had previously been damaged to the point where it was no longer worth repairing. Insurance companies generally consider a car “totaled” if it is 50 to 80 percent damaged. That's when it is issued a salvage title. Once the car is fixed, it's given a rebuilt title.
Is a rebuilt title more expensive to insure?
It all depends on your insurance company. Some insurers won't sell comprehensive or collision coverage if your vehicle has a rebuilt title. But you should be able to obtain basic liability for it. One positive is that rebuilt cars are cheaper than those with clean titles making them cheaper to insure.
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